An Examination on The Sustainable Competitive Advantage of Private Finance Initiative Projects

de Lemos, Teresa, Betts, Martin, Eaton, David, & Almeida, Luis (2003) An Examination on The Sustainable Competitive Advantage of Private Finance Initiative Projects. Construction Innovation, 3(4), pp. 249-259.

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Abstract

The Private Finance Initiative (PFI) is a long-term concession of services used by the UK government to capture private capital to fund public projects. This model is being increasingly applied in Portugal and the assessment of its competitive advantage is very important to Portugal. The empiric study undertaken both in Portugal and the UK has permitted to draw already some conclusions. PFI has developed the way the construction industry is managed, and has increased the competitive advantage of UK construction industry acting in the four vectors of competitive advantage: Innovation, Quality, Efficiency and Attention to the Client. Innovation occurred, through new designs more efficient and cost effective through the project’s whole life cycle. There is the widespread use of management tools: whole life cycle costing, risk management and benchmarking. PFI also improved communication in the UK construction industry, forcing the interaction and feedback from all stakeholders in a project.

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ID Code: 8079
Item Type: Journal Article
Refereed: Yes
Additional URLs:
Keywords: PFI, Sustainable Competitive Advantage, Construction Companies, Innovation, Quality, Efficiency, Attention to the Client
Subjects: Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > BUILDING (120200) > Building Construction Management and Project Planning (120201)
Divisions: Past > QUT Faculties & Divisions > Faculty of Built Environment and Engineering
Copyright Owner: Copyright 2003 Emerald Group Publishing Limited.
Copyright Statement: Reproduced in accordance with the copyright policy of the publisher. This journal is available online - use hypertext links above.
Deposited On: 07 Jun 2007 00:00
Last Modified: 29 Feb 2012 13:29

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